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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said. At the time, Credit Suisse and China International Capital Corp. Ant Group was launched in 2014 to provide global financial services.

Groups 175
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NCUA proposed rule: MBL flexibility for credit unions?

Abrigo

billion in 2004. Further, of the credit unions that offer business loans, 98 percent are well-capitalized according to the NCUA. The NCUA sought feedback on MBL regulations, and some of the common concerns were loan-to-value (LTV) ratio requirements, personal guarantee requirements and an often-cumbersome waiver process.

Lending 150
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India’s Struggling Yes Bank Sees Share Boost From $1.2B Offer

PYMNTS

Regulators must approve it as well. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital. The deal is still awaiting approval by the bank’s shareholders and the board.

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How Crowdfunding Aims To Fill SMBs’ Community Banking Gaps

PYMNTS

Community banks are often the familiar faces of the financial services world, and when small businesses seek capital, their neighborhood financial institution can be a promising place to start. The sky is the limit,” Cook said of the opportunities this regulation opens. A Local Approach To Crowdfunding. A New De-Risking Strategy.

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Got $25 Million? Six Payments Execs Share Their Post-Pandemic Startup Ideas

PYMNTS

But capital brings those concepts to life. That’s the highest level since 2004. And venture capital funding is up in the third quarter versus a year ago, although first round and seed funding activity has lagged, and investors seem to be interested in keeping their powder dry for relatively well-established companies.

Payments 168
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Why Banks Merge: Listen to the Sellers

Jeff For Banks

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. Read: We need to be bigger and have more capital to keep up with regulation and the industry. The question: What was up with an upstate New York bank?

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How competitive are UK insurance markets?

BankUnderground

However, competition regulators have found practices in specific markets that harm consumers. In July 2020 there were 375 UK-based, and 806 non-UK branches authorised by the Prudential Regulation Authority (PRA) to sell insurance in the UK. Other in-depth studies by competition regulators are able to supplement our analysis.

Marketing 116